The volatility element of the crypto sector seems to be heating up as the month of August approaches. Bitcoin began trading on Tuesday with a downside correction of 0.68 percent. According to Indian exchange Coinswitch Kuber, bitcoin is currently trading at $21,292 (about Rs 17 lakh). The oldest cryptocurrency follows a similar price trajectory on international exchanges as well. For example, according to Binance and Coinbase, BTC price is hovering around $21,295 (roughly Rs.
ether, in an unconventional movement, did not lag behind BTC to see losses. Rather, according to Gadgets 360, Ether is trading up 1.39 percent at $1,620 (roughly Rs. crypto price tracker,
It is worth mentioning that both the top two cryptocurrencies have seen major declines from the recent price gains they have achieved. As of August 17, Bitcoin and Ether were trading at $24,011 (approximately Rs 19 lakh) and $2,064 (approximately Rs 1.65 lakh) after recovering from the recent market downturn.
According to industry experts, extreme selling pressure from bitcoin miners who sold around 6,000 BTC to pay for operating expenses led to the price drop.
Coming back to altcoins today, tie rope, USD coin, Binance Coin, cardanoAnd solana saw the damage.
both memecoin dogecoin And Shiba Inu See also damage.
A handful of altcoins posted modest gains, including Binance USD, Wave, polka dot, polygonAnd Avalanche,
The global crypto market cap stands at $1.02 trillion (approximately Rs 81,46,372 crore), a growth of 0.08 percent over the previous day. CoinMarketCap,
Meanwhile, security researcher Joe goes by the game. ‘Snake’ On social media, members of the crypto community have been advised to avoid connecting with strangers on crypto-related schemes. Researcher recently alerted that the crypto community is being attacked by scammers on Twitter.
The researcher warns that scammers have adopted sophisticated tactics, and have begun to lure fake websites, hacked verified accounts, as well as fake projects and promises of airdrops through Twitter.
Cryptocurrency is an unregulated digital currency, is not legal tender and is subject to market risks. The information in this article is not intended to be financial advice, trading advice or any other advice or a recommendation of any kind offered or endorsed by NDTV. NDTV shall not be liable for any loss arising out of any investment based on any alleged recommendation, forecast or any other information contained in the article.